All Forum Posts by: Daniel Erdman

Anybody else have anything to add to the discussion?

Hey Guys,

Something that perplexes me after listening to the podcasts and perusing the forums is that someone can purchase multiple, if not tens of properties in a single year. I simply cannot wrap my mind around it. 

From what I can determine, these folks are working a regular job with personal houses, families, etc. and aren't rolling in dough.

So BP, how do these individuals do this?

Thanks all for the feedback. 

I'm mainly interested in my approach for evaluating the cash flow for a buy and hold property in the area; this property is just an example. 

Can anyone give me some feedback regarding my methodology?

Thanks again Mark. 

What are other California investors out there getting in terms of cash flow per month?

I have looked in Redding, but I have not been able to locate any properties that meet my criteria. 

What kind of properties do you have in Redding?

Mark,

Thanks for the reply. I believe that it is in the Prescott Estates area. 

I am trying to establish whether or not I am analyzing cash flows properly. 

Any feedback on the numbers that I have provided?

Thanks

Hey All,

My wife and I are looking to develop a portfolio of rentals in the northern portion of California's Central Valley (Sacramento and surrounding areas). I have been practicing analyzing cash flow on some of these properties and I need some feedback from those with experience. 

I have included a breakdown on a property that I have located on Realtor.com, a quad in Modesto:

*The Gross is calculated using a rent of $825 per unit. Four units (quad) = $3300 per month or $39600 per year. I then deducted $5600 from the gross to account for utilities not paid by the tenants and other misc. expenses. This is what I am calling Operating Expenses.

I am not sure how to appropriately account for Operating Expenses and vacancy. 

Other than the above, is there anything else I missed? And, would this be a profitable property? Is this realistic?

Thanks!

 Chris, 

If you wouldnt mind, could you share what some of your clients cash flow in these areas?

Thank you!

All,

Thanks for the feedback. 

Hello BP,

My wife and I are looking to secure our financial freedom through Buy and Hold investing. We have been researching real estate investing for a couple of years now and recently joined the BP forum after the recommendation from a friend of ours. 

We have been devouring the guides, pod casts and perusing the forums as much as possible. After soaking in all this great information, we have some questions:

Currently, we are looking for multifamily units in the Central Valley (Sacramento, Stockton, Modesto, etc) and there appear to be some rentals that cash flow nicely. Does anyone have any experience with this strategy in these areas? 

There seems to be quite a bit of podcasts and forum posts about folks buying multiple (even tens) of rental units a year. I have noticed that most of these folks are buying in the Midwest. Is this realistic for investors in California?  How are these folks managing to purchase all these rentals?

Thanks all!